Executing the plan
Update | 3 September 2018
Tissue Regenix’s H118 results provide evidence of the progress being made in the commercialisation of its dCELL and BioRinse portfolios. The period saw a large increase in sales (+315%), while reducing loss at the EBITDA level by 32%. There were several other notable achievements, which should help Tissue Regenix achieve breakeven in 2020, including strategic partnerships with Arthrex and ARMS Medical, and the transfer of DermaPure manufacturing in the US to the CellRight facility. We maintain our valuation of the company at £245m, or 20.9p a share.
|Adj. PBT (£m)||(10.9)||(9.7)||(9.7)||(7.1)|
|Net Income (£m)||(9.9)||(9.4)||(9.0)||(6.6)|
|Adj. EPS (p)||(1.29)||(1.00)||(0.77)||(0.57)|
3 September 2018
|Shares in issue||1,171m|
|12 month range||5.6-13.3p|
|Primary exchange||AIM London|
Tissue Regenix is a regenerative medicine company with a portfolio of soft tissue and bone products and two proprietary platforms, dCELL, and BioRinse. Applications include wound care/general surgery, orthopaedics, sports medicine, and dental care. Commercialisation of the leading products are underway.
Mick Cooper PhD
+44 20 3637 5042
+44 20 3637 5043
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